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Geodrill – Good Figures Once Again
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Another drilling company, Geodrill (OTCMKTS: GDLLF), released very good 3Q 2017 figures. To remind my readers, Geodrill is a mineral drilling company operating in Western Africa only (Ghana, Burkina Faso etc.). In 3Q 2017 the company, similarly to Orbit Garant, reported the highest drilling prices in its history: Source: Simple Digressions As the middle panel of the chart below shows, direct costs of drilling also went up significantly (due to higher salaries) but…it did not matter. M... -
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Markets Still Not Convinced About Faster Pace Of Rate Hikes From The Fed
Jerome Powell nominated to lead the Federal Reserve for the next five-year term FOMC vacancies exposes more inclination to the hawkish side FOMC doves, Kashkari and Evans expected to make way for hawks, John Williams and Loretta Mester Markets complacent about rate hikes in 2018 Lack of inflationary pressures and subdued wage growth keeps the markets on the back foot Trump nominates Jerome Powell Following a brief period of uncertainty, the markets breathed a sigh of relief as President Trump picked FOMC member, Jerome Powell to head the central bank for the next five years. The markets viewed this as a sign of continuity to the Fed’s curre... -
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S&P 500 And Nasdaq 100 Forecast – Friday, Nov. 17
S&P 500 The S&P 500 rallied significantly during the trading session on Thursday but give back some of the gains late in the day. While this is a very bullish move, I believe that we are still a bit overextended. With the massive resistance at the 2600 level above, I hesitate to start buying at this point. However, on pullbacks that might be interested, especially near the 2550 region. The overall attitude of the market remains bullish, so I don’t have any interest in shorting, but I also recognize that we may need to get past this area to have a more significant move. If we were to break down below the 2550 level however, that pr... -
Finance 0
EURUSD: Price Pulls Back 61.8% Before Bouncing Off The A-A Channel
Previous: On Thursday the 16th of November, trading on the euro/dollar pair closed down. The rate twice approached the zone of 1.1757 – 1.1759, but failed to break through. News from the US didn’t do sellers any good either. The US House of Representatives yesterday passed a tax reform bill proposed by the Trump administration. Markets were slow to react to the news given that the Senate has put forward an alternative proposal, which involves deferring tax cuts for another year. As such, it’s unclear as of yet what the final legislation will look like. From the 1.1770 mark, the euro should have continued its decline until 1.1710, but t... -
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Stocks To Trade: BGC, SBUX, MSFT
Friday’s stock picks: Long General Cable (BGC) Long Starbucks (SBUX) Short Microsoft (MSFT)... -
Finance 0
USDCAD Daily Analysis – Friday, Nov. 17
USDCAD is facing the support of the rising trend line on the 4-hour chart. A clear break below the trend line support could take price to next support level at 1.2666. Below this level could trigger further downside movement towards 1.2570, followed by 1.2433. On the upside, as long as the trend line support holds, the short-term uptrend could be expected to continue and next target would be at 1.2819. Above here would aim 1.2916 previous high.... -
Finance 0
Crude Oil Prices May Fall As Gold Gains Amid Risk Aversion
Crude oil and gold prices found little impetus for trend development over the past 24 hours, languishing within familiar congestion ranges. Top-tier scheduled event risk is notably absent through the week-end, hinting that sentiment trends may emerge as the central driver of performance. FTSE 100 and S&P 500 futures are pointing lower, before London and New York come online, hinting at a risk-off mood. That might boost gold as capital seek haven in Treasury bonds and weighs on yields, boosting the relative appeal of anti-fiat assets. Sentiment-sensitive oil prices may lose ground, however. GOLD TECHNICAL ANALYSIS – Gold prices... -
Finance 0
AUD: Breaking Out Of Ranges On Crosses; What’s Next & How To Position?
The Australian dollar slipped a bit lower amid a not-so-great jobs report. What’s next? Here is the view from Nomura: Here is their view, courtesy of eFXnews: Nomura FX Strategy Research discuss AUD outlook, recommending to tactically positioning for further AUD downside against the EUR via an options structure expiring on Dec-21. “AUD continues to fall out of favor, breaking out of established ranges on a number of crosses. In our view, the headwinds have yet to reach maximum force and AUD underperformance may continue in the near term. Positioning measures remain skewed, momentum in industrial metal prices has turned, and the soft infl... -
Finance 0
Top REITs For Beginner Investors
New investors are rarely risk-hungry. Knowing that investment is like educated gambling in that luck can turn bad in a blink, they prefer to take it slow, establish balanced portfolios, and cultivate investments that are easy to liquidate if they get spooked. As a result, few beginner investors put money into real estate properties; most consider REITs, instead. REITs, or real estate investment trusts, are securities invested in real estate property or mortgages and traded on major exchanges. An extremely liquid way to invest in real estate, REITs offer high dividend yields without the commitments (or headaches) of owning property directly. ... -
Finance 0
BoE Warns Weekly Fund Redemptions Of 1.3% Would Break Corporate Bond Market
The Bank of England has done some timely and truly eye-opening research into the resilience of corporate bond markets. The research is contained in the Bank of England Financial Stability Paper No.42 and is titled “Simulating stress across the financial system: the resilience of corporate bond markets and the role of investment funds” by Yuliya Baranova, Jamie Coen, Pippa Lowe, Joseph Noss and Laura Silvestri. The starting point of the analysis is to revisit the Global Financial Crisis (GFC) which saw $300 billion of related to subprime mortgages amplified to well over $2.5 trillion of write-downs across the global financial system as ...
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